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Nonprofiteer
← OREGON TRAIL ELECTRIC CONSUMERS COOPERATIVE INC

Form 990 for tax year 2023

Filed by OREGON TRAIL ELECTRIC CONSUMERS COOPERATIVE INC.

Totals

Total revenue
$59,687,232
Total expenses
$59,687,232
Contributions and grants received
$0
Grants paid
$293,674
Program service revenue
$59,219,722
Investment income
$420,808
Other revenue
$46,702
Total assets, end of year
$142,411,040
Total liabilities, end of year
$56,454,565
Net assets or fund balances, end of year
$85,956,475
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRIC ENERGY SALES

    total $57,841,116 · related or exempt $57,841,116

  • 2b · Program service revenue: OTHER ELECTRIC REVENUE

    total $1,109,945 · related or exempt $1,109,945

  • 2c · Program service revenue: PATRONAGE ALLOCATIONS

    total $86,991 · excluded $86,991

  • 2d · Program service revenue: POLE RENTAL INCOME

    total $181,670 · excluded $181,670

  • 3 · Investment income

    total $420,808 · related or exempt $420,808

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: SALE OF MAT'LS TO MEMBERS

    total $46,702 · related or exempt $46,702

  • 11e · Other revenue, total

    $46,702

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $293,674

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $9,345,091

  • 5 · Compensation of officers, directors and key employees

    total $1,735,886

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,803,951

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,979,927

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PURCHASED POWER EXPENSE

    total $23,229,241

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $7,449,545

  • 24c · Other expenses: ADM.& GEN. EXPENSE

    total $7,178,129

  • 24d · Other expenses: CUST. ACCTS, INFO EXP.& SALES

    total $2,071,146

  • 24e · All other expenses

    total $1,600,642

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,825 · end of year $5,822

  • 2 · Savings and temporary cash investments

    beginning of year $7,240,051 · end of year $6,145,295

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $7,089,868 · end of year $6,965,044

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $6,125,887 · end of year $7,324,848

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,022,402 · end of year $1,171,275

  • 10a · Land, buildings and equipment: cost or other basis

    $183,714,599

  • 10b · Land, buildings and equipment: accumulated depreciation

    $72,174,358

  • 10c · Land, buildings and equipment, net

    beginning of year $105,140,815 · end of year $111,540,241

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $9,218,928 · end of year $9,154,139

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $59,740 · end of year $104,376

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,342,248 · end of year $9,649,293

  • 23 · Secured mortgages and notes payable

    beginning of year $45,872,369 · end of year $44,788,658

  • 25 · Other liabilities

    beginning of year $1,805,146 · end of year $2,016,614

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $2,095,817 · end of year $3,844,088

  • 31 · Retained earnings, endowment or other funds

    beginning of year $75,787,936 · end of year $82,112,387

Mission and programs · 2023

Mission

TO SAFELY PROVIDE RELIABLE ELECTRIC AND RELATED SERVICES THAT SUPPORT THE ECONOMY AND THE QUALITY OF LIFE OF OTEC MEMBERS BASED ON THE COOPERATIVE PRINCIPLES.

  • TO SAFELY PROVIDE RELIABLE ELECTRIC AND RELATED SERVICES THAT SUPPORT THE ECONOMY AND THE QUALITY OF LIFE OF OTEC MEMBERS BASED ON THE COOPERATIVE PRINCIPLES.

As filed on the 2023 return.

Listed in Part VII

  • Les M Penning

    CEO

    Total calculated
    $549,118
    From this org
    $363,225
    From related orgs
    $0
    Other
    $185,893
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $323,617
    Bonus
    $33,200
    Other
    $6,408
    Deferred
    $147,356
    Nontaxable benefits
    $38,537
    Filer's total
    $549,118

  • Charles Tracy

    DIRECTOR OF ENGINEERING

    Total calculated
    $285,173
    From this org
    $189,865
    From related orgs
    $0
    Other
    $95,308
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $168,906
    Bonus
    not reported
    Other
    $20,959
    Deferred
    $57,110
    Nontaxable benefits
    $38,198
    Filer's total
    $285,173

  • Kelly Jobes

    ENGINEER

    Total calculated
    $279,184
    From this org
    $218,313
    From related orgs
    $0
    Other
    $60,871
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $201,951
    Bonus
    not reported
    Other
    $16,362
    Deferred
    $26,718
    Nontaxable benefits
    $34,153
    Filer's total
    $279,184

  • Tim Sheehy

    DIRECTOR OF IT

    Total calculated
    $276,725
    From this org
    $155,128
    From related orgs
    $0
    Other
    $121,597
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $148,694
    Bonus
    not reported
    Other
    $6,434
    Deferred
    $84,262
    Nontaxable benefits
    $37,335
    Filer's total
    $276,725

  • Blake Eckstein

    GENERAL FOREMAN

    Total calculated
    $264,081
    From this org
    $208,709
    From related orgs
    $0
    Other
    $55,372
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $206,052
    Bonus
    not reported
    Other
    $2,657
    Deferred
    $15,278
    Nontaxable benefits
    $40,094
    Filer's total
    $264,081

  • Rich Eskew

    WORKING FOREMAN

    Total calculated
    $262,979
    From this org
    $188,015
    From related orgs
    $0
    Other
    $74,964
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $185,114
    Bonus
    not reported
    Other
    $2,901
    Deferred
    $35,689
    Nontaxable benefits
    $39,275
    Filer's total
    $262,979

  • Tom Higgins

    WORKING FOREMAN

    Total calculated
    $260,040
    From this org
    $183,073
    From related orgs
    $0
    Other
    $76,967
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $180,229
    Bonus
    not reported
    Other
    $2,844
    Deferred
    $36,827
    Nontaxable benefits
    $40,140
    Filer's total
    $260,040

  • Eric Wirfs

    DIRECTOR OF OPERATIONS

    Total calculated
    $240,056
    From this org
    $172,207
    From related orgs
    $0
    Other
    $67,849
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $163,087
    Bonus
    not reported
    Other
    $9,120
    Deferred
    $33,779
    Nontaxable benefits
    $34,070
    Filer's total
    $240,056

  • Tadd McCrae

    WORKING FOREMAN

    Total calculated
    $238,331
    From this org
    $184,441
    From related orgs
    $0
    Other
    $53,890
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $181,321
    Bonus
    not reported
    Other
    $3,120
    Deferred
    $13,940
    Nontaxable benefits
    $39,950
    Filer's total
    $238,331

  • Heidi Dalton

    FORMER CFO

    Total calculated
    $228,006
    From this org
    $168,220
    From related orgs
    $0
    Other
    $59,786
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $167,073
    Bonus
    not reported
    Other
    $1,147
    Deferred
    $43,651
    Nontaxable benefits
    $16,135
    Filer's total
    $228,006

  • Michelle Long

    CFO

    Total calculated
    $175,264
    From this org
    $113,339
    From related orgs
    $0
    Other
    $61,925
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $113,339
    Bonus
    not reported
    Other
    not reported
    Deferred
    $25,780
    Nontaxable benefits
    $36,145
    Filer's total
    $175,264

  • Cory Miller

    Director

    Total calculated
    $28,800
    From this org
    $28,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Aletha Bonebrake

    Vice President

    Total calculated
    $27,300
    From this org
    $27,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Robert Cargill

    DIRECTOR

    Total calculated
    $23,400
    From this org
    $23,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Charlene Chase

    Director

    Total calculated
    $23,400
    From this org
    $23,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • David Baum

    Director

    Total calculated
    $22,800
    From this org
    $22,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Wayne Overton

    President

    Total calculated
    $22,500
    From this org
    $22,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Austin Bingaman

    Director

    Total calculated
    $22,350
    From this org
    $22,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Gary Miller

    Secretary-Treas

    Total calculated
    $22,200
    From this org
    $22,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jeff Clark

    Director

    Total calculated
    $16,800
    From this org
    $16,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • George Galloway

    FORMER DIRECTOR

    Total calculated
    $11,850
    From this org
    $11,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $11,850
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $11,850

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • OTEC MEMBER FOUNDATION

    $264,076

    COMMUNITY SCHOLARSHIPS & DONATIONS

  • COMMUNITY CONNECTIONS

    $29,598

    LOW INCOME ENERGY ASSISTANCE

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202442969349301509

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